Samson Mow: Ethereum Unstaking Will Trigger Bitcoin Price Drop to $0.03 or Lower

Bitcoin maximalist Samson Mow, CEO of BTC-focused company JAN3, has once again refuted the idea that Ethereum (ETH) will overtake Bitcoin (BTC). In a bold statement, Mow believes ETH’s dominance in the crypto market is not realistic and predicts significant price fluctuations in the coming weeks due to a large unstaking event. 768,400 ETH are currently queued for unstaking in just over two weeks, representing approximately $3.5 billion USD. This massive outflow of ETH could lead to increased pressure on its value, potentially driving prices down as much as 0.03 or even lower against Bitcoin, according to Mow’s analysis.